CRE.HO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CRE.HO
Largest movements
- Deferred charges and accrued income -€45,696
no longer reported in 2023 (was €45,696)
- Receivables within one year -€45,240
down €45,240 (-70.9%), from €63,800 to €18,560
of which Trade receivables: -€45,526
- Financial fixed assets -€7,000
down €7,000 (-88.1%), from €7,950 to €950
- Cash -€5,566
down €5,566 (-70.6%), from €7,882 to €2,316
mainly Trade debts (-€46,189) and Net result for the year (-€24,846)
- Trade debts -€46,189
down €46,189 (-79.7%), from €57,964 to €11,775
- Profit (loss) carried forward -€24,846
down €24,846, from €20,329 to -€4,517
- Accrued charges and deferred income -€21,567
down €21,567 (-69.8%), from €30,917 to €9,350
- Tax, wage and social debts -€12,449
down €12,449 (-87.5%), from €14,235 to €1,786
- Other debts +€1,508
new in 2023: €1,508
- Purchases and services -€399,625
down €399,625 (-52.4%), from €763,310 to €363,685
- Gross operating margin -€26,204
down €26,204, from €1,872 to -€24,332
- Other operating charges -€447
no longer reported in 2023 (was €447)
From the 2022 result to the 2023 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,445 | €21,902 | -€103,543 | -82.5% |
| Fixed assets | 21/28 | €8,067 | €1,026 | -€7,041 | -87.3% |
| Tangible fixed assets | 22/27 | €117 | €76 | -€41 | -35.0% |
| Plant, machinery and equipment | 23 | €117 | €76 | -€41 | -35.0% |
| Financial fixed assets | 28 | €7,950 | €950 | -€7,000 | -88.1% |
| Current assets | 29/58 | €117,378 | €20,876 | -€96,502 | -82.2% |
| Amounts receivable within one year | 40/41 | €63,800 | €18,560 | -€45,240 | -70.9% |
| Trade receivables | 40 | €58,614 | €13,088 | -€45,526 | -77.7% |
| Other amounts receivable | 41 | €5,186 | €5,472 | +€286 | +5.5% |
| Cash at bank and in hand | 54/58 | €7,882 | €2,316 | -€5,566 | -70.6% |
| Deferred charges and accrued income | 490/1 | €45,696 | - | -€45,696 | |
| Total equity and liabilities | 10/49 | €125,445 | €21,902 | -€103,543 | -82.5% |
| Equity | 10/15 | €22,329 | -€2,517 | -€24,846 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,329 | -€4,517 | -€24,846 | |
| Amounts payable | 17/49 | €103,116 | €24,419 | -€78,697 | -76.3% |
| Amounts payable within one year | 42/48 | €72,199 | €15,069 | -€57,130 | -79.1% |
| Trade debts | 44 | €57,964 | €11,775 | -€46,189 | -79.7% |
| Suppliers | 440/4 | €57,964 | €11,775 | -€46,189 | -79.7% |
| Taxes, remuneration and social security | 45 | €14,235 | €1,786 | -€12,449 | -87.5% |
| Taxes | 450/3 | €14,235 | €1,786 | -€12,449 | -87.5% |
| Other amounts payable | 47/48 | - | €1,508 | +€1,508 | |
| Accrued charges and deferred income | 492/3 | €30,917 | €9,350 | -€21,567 | -69.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €763,310 | €363,685 | -€399,625 | -52.4% |
| Remuneration, social security and pensions | 62 | - | €116 | +€116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6 | €41 | +€35 | +583.3% |
| Other operating charges | 640/8 | €447 | - | -€447 | |
| Gross operating margin | 9900 | €1,872 | -€24,332 | -€26,204 | |
| Operating profit (loss) | 9901 | €1,419 | -€24,489 | -€25,908 | |
| Financial income | 75/76B | €145 | €294 | +€149 | +102.8% |
| Recurring financial income | 75 | €145 | €294 | +€149 | +102.8% |
| Financial charges | 65/66B | €677 | €649 | -€28 | -4.1% |
| Recurring financial charges | 65 | €677 | €649 | -€28 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €887 | -€24,844 | -€25,731 | |
| Income taxes | 67/77 | €181 | €2 | -€179 | -98.9% |
| Profit (loss) for the period | 9904 | €706 | -€24,846 | -€25,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €706 | -€24,846 | -€25,552 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.